Business News

A whopping N12.384 trillion will be forgone by the Federal Government (FG) will forgo N12.4 trillion as tax waivers, concessions and incentives in the four years (2023 – 2026). Beneficiaries of these...

Nigeria and its African neighbours have been described as the biggest victims of the speedy energy transition being championed by the developed world. Speaking at the 3rd Biennial International Conference...

The Lagos state division of Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay the sum of $72, 551, 059, in tax default to the Federal Inland Revenue Services....

In an announcement made during the 29th Nigerian Economic Summit held in Abuja, Gboyega Oyetola, the Minister of Marine and Blue Economy, unveiled an ambitious plan to rejuvenate Nigeria's deteriorating...

1. FULL LIST: Internally Generated Revenue by states, FCT in 2022 The National Bureau of Statistics, on Monday, said a total of N1.93 trillion was generated across the 36 states...

As consumers shrugged off higher prices for its namesake soda, Simply juice, and other drinks, Coca-Cola on Tuesday reported quarterly earnings and revenue that exceeded analysts' expectations. The company also...

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, says it has issued a total of 94 importation licences to oil marketers. This was revealed by the...

The Lift Above Poverty Organisation has reiterated the position of the Federal Ministry of Budget and National Economic Planning that the private sector is critical to driving the economic growth...

Allianz Trade, a Paris-based entity, has raised a warning flag, stating that crude oil prices could soar to as high as $140 per barrel, which could have dire consequences for...

The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects in the power sector, renewable energy, states’ resource mobilisation programme,...